Markforged Holding Corporation (NYSE:MKFG) finished Friday with a subtraction of -$0.01 to close at $1.16, a downside of -0.85 percent. An average of 945,800 shares of common stock have been traded in the last five days. There was a gain of $0.1400 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,109,390 shares traded, while the 50-day average volume stands at 825,436.
MKFG stock has increased by 1.75% in the last month. The company shares reached their 1-month lowest point of $0.7800 on 12/20/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $0.78 and a high of $5.83 in 52 weeks. It has reached a new high 3 times so far this year and lost -78.40% or -$4.2100 in price. In spite of this, the price is down -80.10% from the 52-week high.
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MKFG stock investors should be aware that Markforged Holding Corporation (MKFG) stock had its last reported insider trading activity 46 days ago on Nov 15. In this transaction, the insider spent $48,976. Chief Financial Officer, Schwartz Mark Joseph, disposed of 51,359 shares at a price of $1.70 on Nov 14. The insider now owns more than $87,424 worth of shares. Prior to that, 10% Owner Mark Gregory went on to Sale 53,424 shares at $4.62 each on Jan 25. An amount of $247,033 was transacted.
The quick ratio of Markforged Holding Corporation for the three months ended June 29 was 6.20, and the current ratio was 6.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $52.85 million compared to revenue of $91.22 million.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$22.97 million in the quarter, while revenues were grew 194.47%. The analyst consensus anticipated Markforged Holding Corporation’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.09, a 0.00% surprise. For the quarter, EBITDA amounted to -$20.15 million. Shareholders own equity worth $194.14 million.
From a technical analysis perspective, let’s take a brief look at Markforged Holding Corporation (MKFG) price momentum. RSI 9-day as of the close on 30 December was 64.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 74.29%.
As of today, MKFG’s price is $1.1340 +13.73% or $0.1400 from its 5-day moving average. MKFG is currently trading +5.45% higher than its 20-day SMA and -57.35% lower than its 100-day SMA. However, the stock’s current price level is -36.26% below the SMA50 and -69.55% below the SMA200.
The stochastic %K and %D were 95.00% and 89.72%, respectively, and the average true range (ATR) was 0.0872. With the 14-day stochastic at 95.00% and the average true range at 0.0945, the RSI (14) stands at 51.79%. The stock has reached 0.1173 on the 9-day MACD Oscillator while the 14-day reading was at 0.1754.
Credit Suisse launched coverage on Markforged Holding Corporation (NYSE: MKFG) in its analyst report released on August 17, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Markforged Holding Corporation (MKFG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MKFG, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is MKFG’s price target for the next 12 months?
Analysts predict a range of price targets between $1.70 and $3.50, with a median target of $2.83. Taking a look at these predictions, the average price target given by analysts for Markforged Holding Corporation (MKFG) stock is $2.64.